OAHU PUBLICATIONS, INC.
PPP Loan approved Apr 5, 2020 through Bank of Hawaii
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $6,002,500.00 | 100.0% |
About This Loan
OAHU PUBLICATIONS, INC. received a PPP loan of $6,002,500 approved on Apr 5, 2020. The loan was originated by Bank of Hawaii.
OAHU PUBLICATIONS, INC. is a corporation located in HONOLULU, Hawaii. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Newspaper, Periodical, Book, and Directory Publishers industry (NAICS 511110), part of the Information sector of the economy. The applicant reported 401 jobs as retained through this loan.
The SBA forgave $6,082,752.60 of this loan — 101.3% of the total approved amount, with forgiveness recorded on Aug 18, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $6,002,500 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Hawaii, visit the Hawaii page. To compare this loan with others in the same industry, see the Newspaper, Periodical, Book, and Directory Publishers industry page.